Bitcoin just crawled back to the $71,500 level today after experiencing a significant decline earlier. It seems this happened because inflation data is starting to show signs of cooling down, so market sentiment is somewhat improving.

Looking at the last 24 hours, BTC is still down about 1.77%, but this is part of normal volatility. What's interesting is that this recovery momentum comes after massive losses in the market, so there’s a kind of relief rally from investors who were previously scared or worried (fear) about macro conditions.

Slower inflation usually signals positive for risk assets like crypto. But it’s important to remember that the (fear) in the market can change quickly depending on upcoming economic data. Worth watching for next week.